BTC OG Whale Holds 40,000 ETH Long Position with $2M Unrealized Loss, Liquidation at $2,533.69

A whale address known as "BTC OG" holds a long position of 40,000 ETH (worth approximately $135 million) with an unrealized loss exceeding $2.05 million, BlockBeats reports on Nov. 9. The position was opened at $3,445.58 per ETH, with liquidation set at $2,533.69. The address closed a BTC position the previous day that resulted in a $1.3 million loss. The whale had previously executed profitable short positions on both ETH and BTC in October ahead of market volatility.